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SCB, Liquid Group partner to enable cross-border QR payments between Singapore & Thailand

SCB – Siam Commercial BankBangkok-based Siam Commercial Bank (SCB) and Liquid Group have entered into a strategic partnership to enable cross-border QR payment acceptance in Singapore and Thailand.

With the opening of the Singapore – Thailand corridor for QR payments, SCB will be acting as the sponsoring bank for all Thai banking applications that support cross-border QR payments. Customers will be able to pay for their purchases using their respective Thai QR payment apps at Liquid Group’s participating merchants in Singapore, the companies said.

“..Partnership with a QR payment service provider such as Liquid Group will propel the SCB Global Payment 2019 strategy to increase its potential and expand its scope of service. It will also help provide more opportunities and better access to real-time and seamless global payment experiences for Thai customers going abroad and foreigners coming to Thailand,” said Sopol Chattananant, First Senior Vice President – Global Transaction Banking Services Division, Siam Commercial Bank WB Future Platform.

“In the initial stage, the service will enable Thai customers going to Singapore to use the SCB Easy Application and mobile banking applications of other banks with a cross-border payment feature to scan QR code for payments at shops located in Singapore’s Changi Airport before expanding to other locations. In the next stage, the service will allow Singaporean visitors to make payments using QR scanning in Thailand..”

Liquid Group and SCB will support cross-border merchant-presented QR code payment transactions. Participating merchants in Singapore and Thailand also stand to generate additional revenue from the high volume of frequent travellers commuting between the two countries.

Liquid Group will also work with SCB to deliver additional value-added services to customers through its integrated cross-border payment and marketing platform for partners. It will allow partners to run marketing campaigns to promote awareness and usage of their apps amongst Thai consumers.

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